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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss, net of income taxes, as of March 31, 2024 and December 31, 2023 consisted of:

			March 31, 2024						December 31, 2023
			(In thousands)
Unrealized loss on securities available-for-sale			$	(96,047)					$	(78,497)
Income tax effect of unrealized loss on securities available-for-sale			14,316						11,484
Net unrealized loss on securities available-for-sale			(81,731)						(67,013)
Accumulated other comprehensive loss, net of income taxes			$	(81,731)					$	(67,013)

The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters ended March 31, 2024 and 2023:

			Quarter Ended March 31, 2024
			Net unrealized loss on securities available-for-sale
			(In thousands)
Beginning balance			$	(67,013)
Other comprehensive loss before reclassifications			(14,711)
Amounts reclassified out of accumulated other comprehensive loss			(7)
Other comprehensive loss			(14,718)
Ending balance			$	(81,731)

			Quarter Ended March 31, 2023
			Net unrealized loss on securities available-for-sale						Net unrealized loss on cash flow hedges						Accumulated other comprehensive loss
			(In thousands)
Beginning balance			$	(93,663)					$	254					$	(93,409)
Other comprehensive income (loss) before reclassifications			15,149						(673)						14,476
Amounts reclassified out of accumulated other comprehensive (loss) income			2						591						593
Other comprehensive income (loss)			15,151						(82)						15,069
Ending balance			$	(78,512)					$	172					$	(78,340)

Schedule of Reclassifications Out of Other Comprehensive Income

The following table presents reclassifications out of accumulated other comprehensive loss for the quarters ended March 31, 2024 and 2023:

			Amount reclassified out of accumulated other comprehensive loss Quarter Ended March 31,															Affected Line Item in Consolidated Statement of Operations
																					2024						2023
			(In thousands)
Cash flow hedges:
Interest-rate contracts			$	—					$	591											Net interest expense
Available-for-sale securities:
Loss on sale of investments			(7)						—												Net (loss) gain on sale of securities
Tax effect from changes in tax rates			—						2												Income tax expense
			$	(7)					$	593

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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